Growing emphasis on automation and the Industry 4.0. fuels the adoption of mobile robotics.

According to Next Move Strategy Consulting, the Global Mobile Robot Market is valued at USD 6.83 billion in 2023, and is expected to reach USD 14.31 billion by 2030, with a CAGR of 10.4% from 2024 to 2030.

The mobile robot industry is evolving rapidly, driven by the increased focus on automation and the Industry 4.0. Companies globally are investing significantly in robotics, with an expected 25% of capital spending dedicated to automated systems in the next five years, as per the 2022 McKinsey Global Industrial Robotics Survey.

The surge in demand for mobile robots aligns with the Industry 4.0's goal of creating smart and interconnected factories. Furthermore, it emphasizes automation as a key driver shaping the industry's growth across diverse sectors.

However, high implementation and integration costs are major restraining factors in the mobile robot industry. On the contrary, the introduction of mobile robots for the semiconductor industry by companies such as KUKA AG, Omron Corporation, Castec International, and Murata Machinery for cost-effectiveness, flexibility, and high precision in material handling within cleanroom environments creates market opportunity.

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According to the report, leading players in the mobile robot market include Geekplus Technology Co., Ltd., GreyOrange, Omron Corporation, Mobile Industrial Robots A/S, Locus Robotics, Toyota Industries Corporation, KION Group, JBT Corporation, Jungheinrich AG, ABB Ltd., Daifuku Co., Ltd., KUKA AG, Seegrid, E&K Automation, Murata Machinery, Ltd., and others.

These market players are adopting strategies such as product launches and collaboration across various regions to maintain their dominance in the mobile robot market.

For instance, in September 2023, Omron introduced the MD-650 mobile robot, which is compliant with safety standards and aimed at streamlining material transport. In the dynamic autonomous mobile robot (AMR) market, Omron emphasizes advanced technologies such as artificial intelligence (AI) and machine learning (ML) to enhance efficiency and adaptability.

Also, in June 2023, Jungheinrich and Mitsubishi Logisnext unveiled Rocrich AGV Solutions, a collaborative venture amplifying mobile automation offerings in North America. Merging the AGV portfolios of Rocla and Jungheinrich, the joint venture caters to the rising demand for logistics automation in the region.

Moreover, in June 2023, Dematic, a KION Group subsidiary, introduced third-generation freezer-rated AGVs in Australia, incorporating advanced sensor and navigation technology that surpasses the global safety standards. Tailored for freezer environments, these AGVs tackle challenges in cold storage facilities, underscoring Dematic's dedication to ongoing enhancement through state-of-the-art technology.

In addition, in April 2021, Toyota Industries Corporation (TICO) launched T-Hive, a software designed for autonomous vehicles (AVs), encompassing automated guided vehicles and autonomous mobile robots. This initiative seeks to harmonize control systems across TICO's AVs, utilizing established solutions to foster global innovations amid the increasing demand for logistics automation, particularly in the Asia-Pacific region.

Key Insights from the Mobile Robot Market Report:

• The information related to key drivers, restraints, and opportunities and their impact on the mobile robot market is provided in the report.

• The value chain analysis in the market study provides a clear picture of the roles of each stakeholder.

• The market share of the players in the global mobile robot market and their competitive analysis are provided in the report.